London property trends for 2010: what’s in and what’s out.

monopoly-houses-and-moneyWhen we see a new style of shoe plastered on billboards, we always vow that we will never become a sheep to trends, but most of us end up buying that particular shoe a few days later. The same applies to music, food and even property. Property trends change annually, and what might have been in last year, could be so average this year. As younger professionals begin to shop around within the property market this year, we look at what trends are current as well as what is now merely last year’s news.

There are still various claims as to the status of the property market and if the selling of homes and apartments in London is increasing or plummeting. Every UK news report tells a different tale and London property market analysts all predict various trends for the forthcoming year. The truth is that as unpredictable as the market might be, individuals will still sell their homes and keen buyers will still continue to purchase homes in 2010.

Architecture seems to be more important than ever and current trends seem to predict that property will be highly focused on design as well as space. In London, we all know that space is limited, so the illusion of creating more space is a new trend that seems to be appearing. In saying this, the mayors upcoming minimum space initiative will mean that homes that are being built will slightly increase in size, making larger families feel more comfortable in their personal space. Other property trends that seem to be emerging concerning the issue of space is the concept of “flexible space.” Features like pull out beds, movable walls and fold away surfaces will emerge as smaller spaces are relieved of clutter and can therefore open out into bigger, more spacious living areas.

Green living is taking the spotlight this year, with many adapting their homes to become more eco friendly. New home developments will contain eco friendly features and this we will see more and more homes being structured around this initiative. There is a national aim to lower carbon emissions considerably by 2016 and the new London commercial property developments are doing their part and including green living into its current trend outlook. In addition to this new green movement, other exciting technological trends will emerge and have property buyers interested in an array of property options. These technology additions will not be over the top however, and there will be less and less flashy additions and more appliances that will aid in family living.

There will continue to be an obvious hesitance in buyers as we enter smoothly into 2010 and this hesitance is not all about lack of funding. Due to the credit crunch, people in general are being more careful with their money and purchasing property that they know will be of a higher value in years to come as well as a current investment. The property trend of younger individuals is that they are buying smart and see their purchase as a important investment as they soar in their careers and begin families.

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